Question should be: Are there user case scenarios where spending 200 and reduced battery life really worth the little performance gain?
Quite frankly I can't see the MacBook Air being used as a powerhouse, at least not until Haswell and it's beefed up graphics. To me the MacBook Air is more off a take every Notebook to to office work and the i5 and 4GB RAM is more then enough for that task...but that's just me...
200 euro is one hefty price tag. Does it really cost that much to upgrade from the i5 to the i7 in Germany?
You call the performance gain little, but what you gain in battery life by going with the i5 really isn't that significant. Under light load the difference is 17 minutes, under medium it's 35 minutes and under heavy load it's only 10 minutes.
I'm still undecided as to whether I'm going to choose the i5 or the i7 but I'm really leaning towards the i7 at the moment.